To be honest, after the abnormal move, we need to stay even calmer. This round of rebound in $ZEC has already shown quite a few issues. In the second rebound tonight, when the price moved back toward the earlier dense trading zone, it clearly hesitated there; the volume and momentum didn’t keep up, and buyers’ willingness to take the baton was weak. That spike upward looked more like short-covering releasing inertia rather than new capital actively pushing the move higher. When it hit a resistance level, it stalled; then it turned directly downward and broke through. In terms of rhythm, it’s been completely like being pressed and beaten. We’ve seen this kind of move too many times before—rebound is not reversal; it only gives shorts another chance to reorganize.
After a key level is breached, the support below turns into resistance, and the short-term moving averages also start to curve downward under pressure. Judging by volume-price coordination: during the sell-off, volume increases, but during the rebound, volume contracts. This indicates that selling pressure is still being actively released, while the re-accumulation/holding bids are not enthusiastic. In this structure, every time a rally pulls back to the resistance area, the risk-reward ratio tends to favor the short side. I’m not saying it will drop straight down in one line—there will definitely be ups and downs in between—but the directional bias is very clear: rebounds are met with resistance, key levels break downward, and the volume structure is bearish. With these three points combined, it’s hard for the short-term trend to turn around.
Instead of trying to guess where the bottom is, it’s better to respect the signals the chart is giving. What we truly need to wait for is the exhaustion of bearish momentum and a clear change in the volume structure—only then is it not too late to reassess. At this point, the cost-effectiveness of chasing shorts is decreasing, but when the rebound reaches the resistance area, it’s still the window to observe whether the bears continue to control the situation. Until the market provides evidence of a trend reversal, don’t rush to stand on the opposite side.
Widen your view over the mountains and seas; observe the market’s subtle shifts.
Travel with Uncle Xiong and witness every gain and loss under the sky.
#ZEC
Click the button below to trade 👇
After a key level is breached, the support below turns into resistance, and the short-term moving averages also start to curve downward under pressure. Judging by volume-price coordination: during the sell-off, volume increases, but during the rebound, volume contracts. This indicates that selling pressure is still being actively released, while the re-accumulation/holding bids are not enthusiastic. In this structure, every time a rally pulls back to the resistance area, the risk-reward ratio tends to favor the short side. I’m not saying it will drop straight down in one line—there will definitely be ups and downs in between—but the directional bias is very clear: rebounds are met with resistance, key levels break downward, and the volume structure is bearish. With these three points combined, it’s hard for the short-term trend to turn around.
Instead of trying to guess where the bottom is, it’s better to respect the signals the chart is giving. What we truly need to wait for is the exhaustion of bearish momentum and a clear change in the volume structure—only then is it not too late to reassess. At this point, the cost-effectiveness of chasing shorts is decreasing, but when the rebound reaches the resistance area, it’s still the window to observe whether the bears continue to control the situation. Until the market provides evidence of a trend reversal, don’t rush to stand on the opposite side.
Widen your view over the mountains and seas; observe the market’s subtle shifts.
Travel with Uncle Xiong and witness every gain and loss under the sky.
#ZEC
Click the button below to trade 👇